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Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 2,993.21 2,903.07 2,914.36 2,947.08 3,468.86
Revenue 2,993.21 2,903.07 2,914.36 2,947.08 3,468.86
Total Revenue 2,993.21 2,903.07 2,914.36 2,947.08 3,468.86
Cost of Revenue 841.91 1,389.21 1,569.34 1,631.68 2,228.53
Cost of Revenue, Total 841.91 1,389.21 1,569.34 1,631.68 2,228.53
Gross Profit 2,151.29 1,513.86 1,345.03 1,315.40 1,240.33
Selling/General/Administrative Expense 676.87 562.28 525.16 601.58 591.58
Labor & Related Expense 23.40 32.37 44.16 44.45 38.29
Advertising Expense 136.80 76.00 63.10 -- --
Selling/General/Administrative Expenses, Total 837.07 670.65 632.42 646.04 629.87
Research & Development 147.19 153.81 130.73 185.83 172.07
Amortization of Intangibles, Operating 372.91 -- -- -- --
Depreciation/Amortization 372.91 -- -- -- --
Restructuring Charge 68.47 86.25 -- -- --
Litigation 345.50 -19.05 11.21 13.81 185.99
Impairment-Assets Held for Use 372.82 120.34 526.08 916.94 1,154.38
Impairment-Assets Held for Sale -- -- -- -- 0.00
Other Unusual Expense (Income) 4.76 0.20 -172.29 -23.24 109.82
Unusual Expense (Income) 791.54 187.74 365.00 907.51 1,450.19
Total Operating Expense 2,990.63 2,401.41 2,697.49 3,371.05 4,480.66
Operating Income 2.58 501.66 216.87 -423.97 -1,011.80
Interest Expense - Non-Operating -562.94 -537.11 -558.68 -534.85 -494.69
Interest Expense, Net Non-Operating -562.94 -537.11 -558.68 -534.85 -494.69
Interest Income, Non-Operating 0.58 4.17 19.95 13.19 6.47
Investment Income, Non-Operating -1.71 -0.31 -7.59 0.32 1.90
Interest/Investment Income, Non-Operating -1.12 3.86 12.35 13.51 8.37
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -564.06 -533.25 -546.33 -521.34 -486.33
Other Non-Operating Income (Expense) 14.88 5.06 -15.45 6.48 15.12
Other, Net 14.88 5.06 -15.45 6.48 15.12
Net Income Before Taxes -546.60 -26.52 -344.90 -938.83 -1,483.00
Income Tax – Total 22.48 -144.38 15.68 17.27 -214.08
Income After Tax -569.08 117.87 -360.58 -956.10 -1,268.93
Minority Interest -- -- -- 0.00 0.00
Net Income Before Extraordinary Items -569.08 117.87 -360.58 -956.10 -1,268.93
Discontinued Operations -49.59 -67.85 -62.05 -69.70 -802.72
Extraordinary Item -- 129.60 0.00 -5.66 36.22
Tax on Extraordinary Items 5.43 4.33 -- -- --
Total Extraordinary Items -44.16 66.08 -62.05 -75.37 -766.51
Net Income -613.25 183.94 -422.64 -1,031.47 -2,035.43
Income Available to Common Excluding Extraordinary Items -569.08 117.87 -360.58 -956.10 -1,268.93
Income Available to Common Stocks Including Extraordinary Items -613.25 183.94 -422.64 -1,031.47 -2,035.43
Basic Weighted Average Shares 232.79 229.31 226.05 223.96 223.20
Basic EPS Excluding Extraordinary Items -2.44 0.51 -1.60 -4.27 -5.69
Basic EPS Including Extraordinary Items -2.63 0.80 -1.87 -4.61 -9.12
Dilution Adjustment -- -- -- -- --
Diluted Net Income -613.25 183.94 -422.64 -1,031.47 -2,035.43
Diluted Weighted Average Shares 232.79 233.65 226.05 223.96 223.20
Diluted EPS Excluding Extraordinary Items -2.44 0.50 -1.60 -4.27 -5.69
Diluted EPS Including Extraordinary Items -2.63 0.79 -1.87 -4.61 -9.12
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Restructuring Charge, Supplemental -- 7.39 34.60 -- --
Other Unusual Expense (Income), Supplemental -- -- -- 86.30 212.45
Non-Recurring Items, Total -- 7.39 34.60 86.30 212.45
Total Special Items 791.54 195.13 399.60 993.80 1,662.63
Normalized Income Before Taxes 244.94 168.61 54.69 54.97 179.63
Effect of Special Items on Income Taxes 277.04 68.29 139.86 347.83 581.92
Income Taxes Excluding Impact of Special Items 299.52 -76.09 155.54 365.10 367.84
Normalized Income After Taxes -54.58 244.70 -100.85 -310.13 -188.21
Normalized Income Available to Common -54.58 244.70 -100.85 -310.13 -188.21
Basic Normalized EPS -0.23 1.07 -0.45 -1.38 -0.84
Diluted Normalized EPS -0.23 1.05 -0.45 -1.38 -0.84
Amortization of Intangibles, Supplemental 372.91 427.54 543.86 622.34 773.77
Depreciation, Supplemental 84.19 91.26 69.00 101.37 210.00
Interest Expense, Supplemental 562.94 537.11 558.68 534.85 494.69
Rental Expense, Supplemental 13.89 14.18 23.30 18.70 18.70
Stock-Based Compensation, Supplemental 30.05 41.36 59.14 54.07 50.15
Advertising Expense, Supplemental 136.80 76.00 63.10 49.60 42.00
Equity in Affiliates, Supplemental -0.45 2.16 -2.35 -3.44 -0.90
Minority Interest, Supplemental -- -- -- 0.00 0.00
Research & Development Expense, Supplemental 147.19 153.81 130.73 185.83 172.07
Audit-Related Fees, Supplemental 5.65 6.83 6.64 7.78 --
Audit-Related Fees 3.08 0.35 0.54 0.63 --
Tax Fees, Supplemental 0.97 1.58 1.31 3.62 --
All Other Fees Paid to Auditor, Supplemental 0.01 0.09 0.11 0.24 --
Gross Margin 71.87 52.15 46.15 44.63 35.76
Operating Margin 0.09 17.28 7.44 -14.39 -29.17
Pretax Margin -18.26 -0.91 -11.83 -31.86 -42.75
Effective Tax Rate -- -- -- -- --
Net Profit Margin -19.01 4.06 -12.37 -32.44 -36.58
Normalized EBIT 794.12 696.79 616.47 569.83 650.84
Normalized EBITDA 1,251.22 1,215.60 1,229.33 1,293.54 1,634.60
Current Tax - Domestic 13.65 -108.87 15.32 6.24 -86.48
Current Tax - Foreign 10.50 -1.12 8.93 8.28 -6.46
Current Tax - Local 1.49 -0.43 -3.00 2.86 -1.22
Current Tax - Total 25.64 -110.42 21.24 17.38 -94.16
Deferred Tax - Domestic 0.12 -13.81 -0.52 4.42 -88.47
Deferred Tax - Foreign -2.71 -8.37 -4.56 -3.75 -3.23
Deferred Tax - Local -0.56 -11.77 -0.48 -0.78 -28.22
Deferred Tax - Total -3.16 -33.96 -5.56 -0.11 -119.91
Other Tax -- -- -- -- 0.00
Income Tax - Total 22.48 -144.38 15.68 17.27 -214.08
Defined Contribution Expense - Domestic 7.60 7.60 7.40 6.40 9.40
Total Pension Expense 7.60 7.60 7.40 6.40 9.40

In millions of USD (except for per share items)